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- EUR / USD rose to a monthly high
EUR / USD rose to a monthly high
Today, the EUR/USD pair is mainly growing in the range of 1.0830-50, reaching a monthly maximum. On the hourly chart, the pair remains above the moving average line MA (200) H1 (1.0800). The situation is similar on the four-hour chart. Technically speaking, the resistance of 1.0850 is still keeping EUR/USD from further growth. In case of breaking through this level, the pair may rise to 1.0915. The lower bound of 1.0710 represents a strong support level.
⦁ Resistance levels are: 1.0850, 1.0915, 1.0965
⦁ Support levels are: 1.0800, 1.0710, 1.0665
The main scenario for the pair's promotion assumes a breakout of the resistance of 1.0850 (June 12 high, session maximum) and there may be an increase to 1.0915 (June 4 high)
An alternative scenario implies a breakout of the 1.0800 support (July 5 low, MA (200) H1) and there may be a decrease to 1.0710 (July 2 low)
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